An article by Brenda Bouw, discusses the “turnaround story” of InnnVest REIT and the possible growth in the Canadian hotel sector.
Many investors in the hotel industry are debating on “holding” or “selling” their shares due to North American fluctuations in the economy. But InnVest has encouraged many investors in Innvest REIT to “hold” their shares due to changes by shareholder activist Orange Capital LLC. Changes have been made to the board and a push has been made to sell some of the REIT’s underperforming assets. InnVest has also been purchasing properties for the first time since the recession while making hotel renovations on its current properties to attract visitors. InnVest’s evolving success has provided support, as well as, hope for investors seeking growth in the Canadian hotel industry. Investors are now analyzing their options and many have decided to “hold” their shares due to InnVest’s turn-around story for the Canadian hotel sector.
Read full article: https://www.theglobeandmail.com/globe-investor/investment-ideas/book-a-stay-in-your-portfolio-with-hotel-reit-innvest/article21853687/
